The Business Times, 1 October 1988
1988-10-01
1
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https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
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Title Section12 1988-10-01 1 BUSINESS TIMES MCI (P) 95/12/87 Weekend Edition, October 1-2 1988 75 CENTS12 words
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Article268 1988-10-01 1 AP Dow Jones higher WALL STREET stocks turned higher in a hesitant session after a mixed opening yesterday. Brokers said profit-tak-ing earlier held down a fol-low-up to Thursday's gain, but for now buying was dominant, encouraged by gains in the bond market. The Dow 30 was upAP - 268 words
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478 1988-10-01 1 LEE HAN SHIH - Opportunities in the barren Soviet Far East By LEE HAN SHIH THE RUSSIANS have begun a systematic approach to attracting Singapore companies to invest in Siberia and the vast Soviet Far East region. They have already persuaded Jurong Shipyard and the Keppel group to consider reconditioning478 words
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419 1988-10-01 1 Reuter SOVIET PRESIDENT Andrei Gromyko and four other top figures were dropped from the Kremlin leadership yesterday, an official spokesman said. A meeting of the Communist Party Central Committee also gave new posts to Kremlin number two Yegor Ligachev and KGB chief Viktor ChebrikovReuter - 419 words
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170 1988-10-01 1 Reuter ANGRY investors, protesting against a planned tax on share profits, yesterday demanded the resignation of the Finance Minister as the stock market index plummeted for a second day. The index dropped 210.89 points to 8,402.93 as desperate sellers vainly tried toReuter - 170 words
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505 1988-10-01 1 WILLIAM CHIA - By WILLIAM CHIA JUDICIAL COMMISSIONER Joseph Grimberg yesterday dismissed with costs the winding-up petition of a minority shareholder of Great Eastern Hotel. Mr Yang Chen Ching, a shareholder and former director of GE Hotel, had petitioned the High Court to wind505 words
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Article, Illustration218 1988-10-01 1 FIRM OVERSEAS sentiment gave a small push to Singapore share prices yesterday morning but the advance weakened later on prof-it-taking. Trading was dull. Brokers said Wall Street s 34-point overnight rise and the 223-point gain in the Nikkei Average spurred an early advance in the local218 words
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Article143 1988-10-01 1 US$ trades quietly, firms THE US dollar was hardly traded on the London foreign exchange early yesterday as traders waited for the release of latest US economic indicators, especially unemployment figures. Sterling continued to be sustained by the relatively high level of British interest rates. A statement by Chancellor of143 words
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Page 1 Advertisements
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Advertisement244 1988-10-01 1 Nikon The World's Finest Photographic System. Full report, PAGE 16 Regional Mkts, PAGE 18 World Mkts, PAGE 19 BT on Saturday: 6 I remain, Yours maliciously Nobel Peace Prize The peace price New skills courses begin; Petrol dealer's injunction against Shell turned down by court Foreign News: 3 US textile244 words
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Advertisement108 1988-10-01 1 Nikon Th* World's FinMt Photographic Syslwn. t I 1' I r In pralee of thoa* Olympian* Page 7 roil- THvta After a holiday Pag* 7 Use and mis-use Page 9 Rich and heady fare from the glens Page 9 TV programmes for today and tomorrow Page 10 Follow Teh's lead108 words
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HOME NEWS
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Article, Illustration466 1988-10-01 2 LEE HAN SHIH - Programmes to train workers as masterclass craftsmen By LEE HAN SHIH SKILLS TRAINING in Singapore took a big step forward yesterday with the launching of the first of a series of regular courses for masterclass craftsmen in professions as varied as tool and die maker466 words
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Article, Illustration381 1988-10-01 2 MARTIN SOONG - By MARTIN SOONG INCENTIVE TRAVELLERS are being targeted as potential money-makers for a revitalised Empress Place building, the former Immigration Department headquarters now undergoing a $24 million transformation into what is expected to be a world-class museum. While the Singapore Tourist Promotion Board,381 words
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Article252 1988-10-01 2 NON-CONSTITUENCY Members of Parliament (NCMPs) will receive the same monthly allowance as elected MPs, House Leader Wong Kan Seng confirmed recently. "There is no separate class of MPs as far as the allowance is concerned.'' said Mr Wong, the Minister for Foreign Affairs and Community Development.252 words
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Article, Illustration191 1988-10-01 2 CHUANG PECK MING - By CHUANG PECK MING WORKERS SHOULD join the union if they believe its cause and share its aspirations. urged the leader of the labour movement yesterday. Mr Ong Teng Cheong, secretary-general of the National Trades Union Congress (NTUC), said the unions under the191 words
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Article194 1988-10-01 2 BRITISH American Tobacco Singapore (BAT) will be awarding scholarships worth some $35,000 this year to 19 children of its employees. A BAT statement said the scholarships, worth almost $10,000 more than last year's, are being given out as part of the company's on-going employee welfare programme.194 words
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290 1988-10-01 2 SHELL SINGAPORE yesterday won the first round of s legal battle to terminate the 37-year dealership with Chuan Hong Petrol Station over the dealer's burning of joss-sticks near the petrol pumps. An injunction by Chuan Hong to restrain Shell from revoking290 words
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390 1988-10-01 2 GENEVIEVE CUA - Air cargo to hit 500,000 tonnes this year 6 By GENEVIEVE CUA SINGAPORE is fast emerging as hub for sir transhipment. Mr Ang Thian Chin, Civil Aviation Authority of Singapore assistant director (air cargo), expects the total air cargo volume to hit 500,000 tonnes this year. The protection is 16390 words
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Article1128 1988-10-01 2 AT CONVENTIONAL WHARVES KEPPEL WHARVES I Arrival D*p«rtui Boiyunshon K19 alongside 01 10/0600 Borber Hector C07 alongside 01 10/0230 CGM loctne cm alongside 01 10/2000 Dot Orient* K20 alongside 0210/1500 Equator V K22 alongside 01 I0/23S9 Herwong K36 oiongside 03 *****0 lin Petoling 2 K19 alongside 011,128 words
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Page 2 Advertisements
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Advertisement220 1988-10-01 2 ANA HOTELS SINGAPORE LTD. The directors announce the unaudited results of the Company for the six months ended 30th June 1988. 1988 1987 Jan Jun Jan Jun or (A) TURNOVER (B) INTEREST INCOME (C) PROFIT ON SALE OF INVESTMENT NET LOSS After charging: (i) Interest on borrowing (ii) Depreciation <s|)220 words
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OVERSEAS
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347 1988-10-01 3 FT Reuter ABOUT 30 leading trade ministers are to meet in Islamabad, Pakistan, this weekend to assess progress in the Uruguay Round of multilateral trade negotiations ahead of the official mid-term review planned by the General Agreement on Tariffs and Trade (Gatt) for MontrealFT; Reuter - 347 words
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134 1988-10-01 3 AFP THE RANKING SYSTEM will officially return to the People's Liberation Army today in what experts say is a spectacular step in the modernisation of the Chinese military. They add that the return of ranks, taking place on the 39th anniversary of the communistAFP - 134 words
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Article966 1988-10-01 3 i 1 ARRIVALS 1 1 Servic* Local F'om number time SU SQ41 0610 MAA QAU MK/ 0730 MRU SO 7 46 su SQ23 0755 AMS/BOM MAS MH640 0820 KUL SVA SV398 0835 JED/RUH KAl KE624 0840 KUL SU SQ417 0845 DXB/KHI MAS MH651 0910 PEN 1 MAS966 words
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273 1988-10-01 3 AFP CREATION of a countertrade exchange and an Asia-wide electronic information network could boost inter-Asian trade, officials at a conference of Asia-Pacific trading countries said in Manila. The conference also discussed the lack of experienced trading institutions among developing Asia-Pacific countries, conference official KAFP - 273 words
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378 1988-10-01 3 AFP SOUTH KOREA'S investment is increasing rapidly throughout South-east Asia and the Caribbean. and the nation is reaching out to build economic ties "with countries of different social systems'. Foreign Minister Kwang Soo Choi told the United Nations General Assembly on Thursday. The minister, whose countryAFP - 378 words
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179 1988-10-01 3 AFP THE MALAYSIAN High Court yesterday dismissed an application by opposition parliamentary leader Lim Kit Siang for a writ of habeas corpus to free him from detention. Judge Mohamed Ozaiddin Abdullah, ruling on the application, said Mr Lim's detention since OctAFP - 179 words
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313 1988-10-01 3 AP AMERICAN apparel industry leaders were undaunted after President Ronald Reagan's veto of the textile imports bill, predicting election-year politics would help supporters of the measure get enough votes for a congressional override. "Politically, these are very hot times," said Howard Cooley. presidentAP - 313 words
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150 1988-10-01 3 Reuter A DRAFT STUDY by the watchdog General Accounting Office in Washington said the Commerce Department's export promotion efforts are disorganised and ineffective in aiding foreign sales. Part of the problem with the eight-year-old International Trade Administration's promotion efforts stems from the loss in theReuter - 150 words
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358 1988-10-01 3 Reuter WORLDWIDE semiconductor sales are now expected to rise 38.2 per cent this year over 1967 and 10.2 per cent in 1969, the US Semiconductor Industry Association (SIA) says. In April, the association said the World Semiconductor Trade Statistics Committee expected 30.1 perReuter - 358 words
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90 1988-10-01 3 AFP THE JAPAN Development Bank, the biggeet public institute for investments in Japan, and the West German KFW government bank signed an investment agreement in Frankfurt on Thursday. The agreement is to promote direct investment between the two countries. Under the agreement. West GermanAFP - 90 words
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Article, Illustration40 1988-10-01 3 A GIANT APE statue towering over the Atomlum for the inauguration of the world's largest cinema complex which opened in Brussels on Thursday. The building comprises 27 viewing halls and can hold 7,000 people.40 words
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275 1988-10-01 3 AFP Reuter JAPAN joined two international agreements aimed at regulating the production and use of chemicals that damage the earth's ozone layer, a government official said yesterday. The Cabinet approved the decision after a bill was passed by the Diet earlier thisAFP; Reuter - 275 words
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Article, Illustration324 1988-10-01 3 AFP AP THE UNITED STATES, the nine-member European Space Agency (ESA). Canada and Japan signed an accord in Washington on Thursday to construct Freedom. an orbital station expected to cost US$23 billion. The accord, which ends three years of negotiations between the 12AFP; AP - 324 words
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Page 3 Advertisements
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Advertisement60 1988-10-01 3 f, Il£ JW IFI 1£ The business person's choice, every I I II 111 I Tuesday. Thursday, Saturday and I I II II \l II I Sunday. Leaving Changi Airport at I il JL 22 05 hours and arriving at Lester Bj Ftearson International Airport the following day Call your60 words
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Page 3 Miscellaneous
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Miscellaneous190 1988-10-01 3 VSS'I "/Sj Va Max/ Not* Ad«lald« Amsterdam A thorn Bahrain Bangkok Barbados (°C) 26/13 13/09 27/19 37/28 31/25 31/27 22/15 27/22 27/15 17/13 29/25 15/07 29/13 19/08 25/13 20/07 33/22 18/01 18/04 26/16 18/14 16/11 33/26 15/05 22/11 24/06 31/24 15/12 18/11 27/24 33/23 34/18 24/15 33/24 28/17 26/10 19/10190 words
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Miscellaneous75 1988-10-01 3 Doonesbury AND SOURCES CLOSETO THE *VICE PRESIDENT*HAVE RBUJCTMTLY PEVEAIW THAT ft, m E S mfm ■^i APPARENTLY, THE SWITCH IMS MADE IN NEW ORLEANS, SHORTLY AFTER BUSH'S DISASTROUS SELECTION OF PAN QUAYLB AS HIS RUNNING MATE... I rwk BY GARRY TRUDEAU SKIPPYWAS NSTAUEDIN THE VICE PRESIDENTS SUITE,/WIRE REAL GEOR6E BUSH75 words
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MONEY AND EXCHANGES
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425 1988-10-01 4 Reuter A COMMISSION mapping out the future of the Asian Development Bank (ADB) has made progress in delineating the bank's role in the 1990 s, but has still to tackle many of the tough questions facing it, delegates at this week s internationalReuter - 425 words
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277 1988-10-01 4 AFP EUROCHEQUE, the cheque card used by travellers and shoppers throughout Western Europe, is to be extended to Hungary and the Soviet Union shortly, it was announced in Brussels on Thursday. Mark van Wauwe, secretarygeneral of Eurocheque International SC, said Hungary would start issuing cardsAFP - 277 words
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Article1085 1988-10-01 4 CURRENCY FUTURES OPTIONS Friday, Swp 30, 1968 OEUTtCMEMAflK (SMEX) OdNe* Htati Low •o« Mgti Oct 88 pm Low SaN 51 52 53 54 55 9 3 7A 1 1 s 52 54 56 1 HW> 6 Nov 80 can* Low 5A Ml 40 Nov as puis Law ISA 84A1,085 words
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222 1988-10-01 4 THE SINGAPORE International Monetary Exchange will launch its first recruitment drive today to attract individual traders or so-called locals for its forthcoming oil futures contract. Simex officials said today's half-day seminar has attracted a "full house" response of more than 450 aspiring locals. Locals are222 words
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Article860 1988-10-01 4 OCBC Reuter SINGAPORE: THE US dollar yesterday closed easier against most major currencies. Against the Singapore dollar, the US dollar closed slightly lower at 2.0396/08 in quiet trading. It traded within a range of 2.0402 and 2.0407. It opened initially at 2.0400/10. KUALA LUMPUR: The US dollar closedOCBC; Reuter - 860 words
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Article234 1988-10-01 4 Interbank rates at 3pm yesterday: ■D OWEN •ma prtr Local doHa r» to on* unit of foreign curroncyt US dolor 2.0395 2.0405 ***** •2747 S—i-fcig pom •d 3.4385 3.4423 7.3469 -53.20 AvUroftan dc HZ doNor <*or 1.5959 1.5987 3.4286 •53.45 1.2481 1.2508 3.4286 -6340 Canodtan dc Mot *****234 words
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Article55 1988-10-01 4 THE OVERNIGHT rate on the Singapore money market fell 3/8 to close at 5. Short term rates were unchanged across the board. S$ Interbank rates at the dose yesterday: orm no o»»»S 4 3/4 1 -month 3 3/1* S 1/1* 2-montfi 3 1/4 3 1/• 3 3/1* 355 words
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Article102 1988-10-01 4 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BIO OfFW HK5H LOW 3 months BQ*****F 29.12.88 4.55 4.50 4.54 4_50 6 months BY*****Z 23.03.89 4.73 4.68 1 y*or BY*****S 20.07.89 4.76 47\ 4.73 4.73 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code102 words
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Article, Illustration171 1988-10-01 4 inoiciivv vnv ivtrigf Of Hit primf iviKJiriy ***** Of 12 ma|or banks In S'pore Interbank market rates (offer/bid) on Sep 30 us$ DM SWFC Y«0 do r* 5/16 J/16 13 11 3/4 5-47/1 3 2 3/4 4 3/4 5/» mffc 3/t 1/4 11 13/16 11/16 5 4171 words
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Article220 1988-10-01 4 AFTER a session of quiet, sluggish trading on Thursday, most IMM currency futures settled with moderate losses. Traders said trepidation about the sudden scheduling of Soviet Communist party meetings in Moscow by Soviet leader Mikhail Gorbachev weighed on most currencies, which had stabilised at lower levels before the IMM220 words
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Article171 1988-10-01 4 Gold futures on Sop 29, 1988 tOO troy ounces; USS par troy ounce 1 Opm HVl Low a*m Oct 399.00 399JO 39S.80 396.80 1.90' No» 399.20 -1.90 Ok 403.40 404.30 400.70 401.60 .ISO Fob 409.00 409JO 405J0 ***** -1J0, Apr 413.50 414.30 41 1.20 412.00 -IJO; Mm171 words
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Article217 1988-10-01 4 ASIAN DOLLAR deposit rates closed at opening levels in quiet trading yesterday, with operators sidelined ahead of US August leading indicators data due out at 1230 GMT. Term rates were steady to slightly lower at the start but remained unchanged subsequently. us$ OfWf MO 7 doyt 3/»217 words
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Article434 1988-10-01 4 DECEMBER Eurodollar futures yesterday opened four ticks higher on Simex from Thursday's closing level following rumours of a fall in the national purchasing manager's index to 55.2 per cent from 56.2 percent to be released on Monday. Carry-over buying interests led the December contract to firm to the day's434 words
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Page 4 Advertisements
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Advertisement11 1988-10-01 4 Chicago Board Exchange and Amarlcan Exchange options quotas wara not available.11 words
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BANKING AND FINANCE
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484 1988-10-01 5 Reuter THE US HOUSE of Representatives has cleared the way for an initial contribution of US$5O million towards a US$75 billion general capital increase for the World Bank. The administration had lobbied hard for the contribution, which it had requested at aReuter - 484 words
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258 1988-10-01 5 43rd IMF/World Bank meeting FT MICHEL CAMDESSUS, managing director of the IMF, on Thursday wound up the fund's annual meeting with an upbeat assessment of prospects for improvements to the international monetary system. In his closing address, Mr Camdessus said that he had beenFT - 258 words
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Article143 1988-10-01 5 Reuter JAPAN is ready to provide funds to help debtor nations reform their national economies if a multilateral framework for such financing is made under its new debt relief programme, a highranking Finance Ministry official said. However, Japan will never supply funds to the account itReuter - 143 words
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244 1988-10-01 5 Reuter FRENCH President Francois Mitterrand proposed on Thursday the creation of a fund within the International Monetary Fund (IMF) to guarantee payment of interest charged on some commercial loans converted into bonds. In an address to the General Assembly, he referredReuter - 244 words
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403 1988-10-01 5 Reuter BRAZIL, fresh from concluding an US$B2 billion financial package with its banks, plans a three-part strategy over the next 12 months aimed at attracting new investment achieving debt reduction and returning to the international capital markets. Finance Minister Mailson da NobregaReuter - 403 words
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COMMODITIES
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Article153 1988-10-01 5 SINGAPORE: Rubber prices yesterday fluctuated within narrow ranges in quiet afternoon trade after a higher morning session. TSR-20 prices ended •slightly higher on some buying interest, but trade remained thin. Turnover on the TSR-20 Award market totalled 7,360 tonnes, with open interest 37,860 tonnes for the week ended Sep153 words
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Article151 1988-10-01 5 HIGH OFFERING ahead of the weekend and the wssknsss In Vie European spot market on Thursday pushed the Kuala Lumpur tin price down 10 centato M 519.50 a kg at the dose yesterday. However, the lower level attracted renewed buying from Japan, wMch absorbed most of the 75151 words
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508 1988-10-01 5 Reuter THE WORLD'S Isading coffee consumers sre striving for s common position on sn export quots package to regulate the world coffee market Consumer delegates to the International Coffee Organiaation (ICO) talka in London are divided on how to design a global export quotaReuter - 508 words
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Article281 1988-10-01 5 RAS prices msc« mta/kg, FOB In bate NOON CLOSE Buy on osiisn Buyors Sellers Int 1 RSS Prompt 219.50 220JON 220.00 221.00N Int 1 RSS Oct 88 219 JO 220JON 220.00 221.00N Int 1 RSS Nov 222.00 223.00N 222J0 223J0N Int 2 RSS Of 217.00 219.00N 217J0281 words
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Article77 1988-10-01 5 (cwn/kfl) OCTOKR 1988 NOVEMBER 1988 (currant month) (forward month) RAS NOON NOON lnyjfl SaMtn lwy«ri —M SSI 30 310 JO 212.SON 310.50 212.50N SSI 30 300 JO 210.50N 206.50 310 -50N MRELB Iwycri SaN«n bytn SMI CV 307.00 309.00N 309.00 311.00N SMI I 397.00 399.00N 399.00 301.00N77 words
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Article274 1988-10-01 5 HONGKONG: Gold yeaterday closed weaker in active trading on profit-taking by local and US investors. The metal opened higher on buying by Far Eaat investors in Australia, but increased selling in late trade pushed prices to end near the day's low. Bullion ended at U*****.00/50 an ounce against274 words
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Article89 1988-10-01 5 THE market t continued Products (FOB S'pore) eroding yesterday. An end to the decline is not in sight. USS/barrel Oiang* Closing Keroten 15.55 -0.30 pricos for Gasofl 15.15 unc* crude (FOB origin) USS/barrei Chang* Low Wo»y due. Iphur •e«lTapfc (Oct) 13.40 wndi LSWt 12.75 undt MJnot (Oct)89 words
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Article511 1988-10-01 5 MALAYSIAN CfIUOC PALM OH. FUTURES cloeed mixed in moderately active trading on the KLCE yesterday on lack of encouraging leads Traders said Pakistan bought 6,000 tonnes of RBO palm oil for last half of October shipment which prompted speculative buying. However, it did not have much impact on511 words
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Article75 1988-10-01 5 SPOT November soybean futures dropped to a new low of US$B.Ol a bushel on the selling on the Chicago Board of Trade on Thursday, but bounced back to close off 4-1/4 cent at US$B.OB after finding resistance and new shortcovering at that level. Prices ended 8-1/4 to four cents75 words
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Article83 1988-10-01 5 CBT wheat futures closed on a weak note on Thursday after sell-stops were hit on heavy commission and professional house liquidation The selling forced spot December to a new session low of US$4.O9 a bushel late, but prices steadied slightly as some commercial and local house buying emerged. Prices83 words
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Article314 1988-10-01 5 London Commodity Exchange Buyor/Solior do* Ing pricos on Sop 29 (£/tomo unioss spodfiod). Previous doting f por(nth#tiv >rtcos in ftods In-Mort London, soNors oplion OF London Sop 1185/1191 (1210/1214 Kigh/Low 1191/1178 Nov 1209/1210 (1211/1212) ttgh/low 1226/1183 Solos (4247) Cocoa Sop 730/750 (730/740) Hfch/Low 740/720 Doc 725/726 (732/733) Ugh/low314 words
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Article229 1988-10-01 5 Chinese Produce Exchange Stlltn noon dosing p S#p 30 (SS/100 kg) >ckM on Coconut oil M FOt 1 18UX) Otd drum FOt 128.00 N*w drum FOt 132.00 Copra Mixed (IOOM) 69 Popper FOt N1W rfiKa 567 JO «MN UWW WTWfW FOt faq NLW ***** Sarawak iptdol black FOt229 words
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PERSPECTIVE
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Article462 1988-10-01 6 Qatuiiday IST OCTOBER, 1988 LETTERS are. in a way, a running commentary on life. Well-written, they become cherished possessions. Perfunctorily penned, they bore. But letters can say as much about the receiver as they can of the writer. Some people confess to a biological inability to462 words
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Article, Illustration1233 1988-10-01 6 The Oslo Nobel Committee is said to be acutely aware that the U*****,000 award which goes with this year's Nobel Peace Prize can bring the winner the vital international attention and a basis for continued work. The winner, the UN peacekeeping forces, will certainly benefit from greaterAgencies - 1,233 words
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217 1988-10-01 6 VOX POPULI - Letters to the Editor VOX POPULI Dear Sir The three symbols of nationhood are the flag, the anthem and the President who in his person and his office represents each and every one of us irrespective of race, creed, class or political affiliation. These217 words
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Article151 1988-10-01 6 TAN LI LI (MISS - TAN LI LI (MISS) ♦or PERMANENT SECRETARY MINISTRY OF NATIONAL DEVELOPMENT Dear Sir I refer to the letter from Experto Crede in Business Times on Sep 10. In it the writer complained that the Government has yet to pay the additional compensation to owners whose properties151 words
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Page 6 Advertisements
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Advertisement188 1988-10-01 6 Business Letter from the Editor by Mano Sabnani Personal Finance by Patricia M Scherschel Insurance by Paul Frankland The Commodities Game by Stanley Kroll Working Woman by Margaret Thomas THE COLUMNISTS Small Biz Scene by Lily Fernandez Investment Spotlight by Ramesh Chandiramani The ABC of Charting by Ramesh Chandiramani Property188 words
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Advertisement44 1988-10-01 6 BT welcomes letters from readers. Your letters must include your signature, full name, address, and home ,and office telephone numbers, if any. You may add a pseudonym, if you wish. Address your letters to: The Editor. Business Times, 390, Kim Seng Road, Singapore 0923.44 words
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Page 6 Miscellaneous
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Executive Lifestyle
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Article, Illustration1254 1988-10-01 7 By THE EDITOR, Executive Lifestyle THE MALE SPORTSWRITER who so blithely recorded the temperature in Seoul when Florence Griffith Joyner took to the starting blocks in her regulation United States outfit "cut so tightly" has seen nothing yet. His observation on "pretty" Russian athlete Tatiana Samolenko "curvaceous enough to1,254 words
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Article, Illustration606 1988-10-01 7 JAIME LYE - \\Hi/CA" With JAIME LYE 7.30 AM: Alarm rings. One eye opens. Other eye opens and tells the first one to shut. The first eye refuses because a thought had just crossed the mind and set up shop in its main optical nerve. Second eye tells606 words
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Article259 1988-10-01 7 "POSSIBILITIES in microwave and cable communication links" was, to a speaker at an international newspaper conference this week, inspiration for poetry. The speaker. Mr Hans-Joachim Marx, wrote out his entire conference paper in verse. Most of the paper would have been no different in prose but259 words
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Executive Lifestyle: Entertainments & Pursuits
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Article, Illustration577 1988-10-01 9 THE FOOD TEAM - FOOD By THE FOOD TEAM HAGGIS was on the menu, but not on the table when The Food Team set off from Kim Seng Road to the bonnie banks of Loch Lomond via Scotts Road the other day. Not that it was entirely missed,577 words
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Article, Illustration770 1988-10-01 9 RICHARD SEAH - HEALTH By RICHARD SEAH "SHAME, SHAME," people the world over have been saying to Ben Johnson and other sportsmen caught taking drugs. Yet the same people who express disgust and outrage may themselves be "abusing" drugs in their everyday lives. They may not even realise it,770 words
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Article, Illustration461 1988-10-01 9 MONICA GWEE - FASHION By MONICA GWEE SYNONYMOUS for so long with trench coats and outer-wear, Burberrys of London is now set to show Singaporeans that its name extends beyond standard classics for cool spies, diplomats and the hunting set. At a persuasive show this week. Burberrys pulled out461 words
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Article596 1988-10-01 9 N K YONG - Offline By N K YONG CHOOSING WINES to go with your meal in Singapore's restaurants is much easier than it used to be. For one thing, there has been a great improvement in local restaurant wine lists. Still, there is one continuing deficiency here596 words
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Article, Illustration560 1988-10-01 12 JAIME LYE - MOVIES By JAIME LYE A FUNNY THING happened to deejay Adrian Cronauer during the Vietnam War. He discovered that people actually get shot, and die. It's a bitter pill to swallow for a hotshot record-spinner whose motor mouth got him a cushy assignment behind a microphone560 words
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Article, Illustration485 1988-10-01 12 Jaime Lye - -by Jaime Lye YOU WOULD have thought they didn't make movies like North Shore any more. You know, the "I got to do this Mom, if I don't do it now, I'll spend the rest of my life wondering if I485 words
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Article, Illustration512 1988-10-01 12 WALTON MORAIS - PREVIEW By WALTON MORAIS CATHERINE DENUEVE, playing a mother who has "never done anything she should have done", stars in the most notable offering of this year's French Film Festival, which will be held at Jade Theatre 1 from Oct 10-14. Le Lieu Du Crime was512 words
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Article, Illustration852 1988-10-01 12 Roger Loh - W2v 6y Roger Loh THEY WERE heady days the *****. Motown was the sound of Young America. White boys aspired to take music to new heights with metaphorical language. At the other end of the spectrum, there appeared to be a new movement852 words
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Article, Illustration215 1988-10-01 13 IT's all for a sweet smell. The "passion of Rome", Fendi, will have nothing less than the Ancient Roman Coliseum and the Trevi Fountain to witness her entrance into the Singapore market. For the better part of half a million dollars spent over a 13day period,215 words
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Article, Illustration699 1988-10-01 13 SANGEETA MULCHAND - PERSONALITIES By SANGEETA MULCHAND WHEN THE Duke of Westminster asked Coco Chanel to marry him and be the next duchess, she answered: "There can be many Duchesses of Westminster but only one Coco Chanel." Chanel went on to scandalise European society with her slim, figure-fitting699 words
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Article, Illustration587 1988-10-01 13 Sangaata Mulchand - by Sangaata Mulchand IMMACULATELY DRESSED, nothing-can-ruffle-me-type executives always have their idiosyncrasies. At the risk of offending an important business associate or a considerate hostess, the president of the Morabito House, Jacques Morabito, will not drink coffee. It's neither the smell nor the taste that offends.587 words
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Article, Illustration279 1988-10-01 13 JEFFREY TSANG - MOTORING By JEFFREY TSANG AUTOMOBILE REVIEW hits the book stores and news stands next week and, if first impressions are any indication, this new publication merits attention. Published by a new company, Caliber Communications, this quarterly is the first to come up with a comprehensive package of279 words
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Article, Illustration454 1988-10-01 13 Mike Thumba - Bridge By Mike Thumba AT THE annual open pairs event hosted by the National University of Singapore Student s Bridge Club last Sunday at the Kent Ridge Guild House, the students failed to capture the challenge trophy. It went to Dr A K Heng,454 words
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Article741 1988-10-01 13 Saklna Dhllawala - Compiled by Saklna Dhllawala CINEMA: PoUargatat 111 starring Tom Skerritt. Nancy Allen, Heather O'Rouke and Zelda Rubinstein. Showing at Cathay: 11; 1.30; 4; 6.30; 9.15. Big starring Tom Hanks. Elizabeth Perkins. Robert Loggia and John Heard. Showing at Orchard: 11; 1.30; 4; 6.30; 9.15. Praaldlo starring Sean Connery and741 words
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Executive Lifestyle: Sports
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Article787 1988-10-01 10 Jerome Fandor - MCK With Jerome Fandor RACING return* to Singapore this weekend efter a two-month break with Class 1, 3 and Restricted Terms horses participating. Although the meeting features next Sunday's sprint claaaic, the Lion City Cup, it has not attracted many entries. As many as six trainers have787 words
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Article, Illustration449 1988-10-01 10 RACING Reuter WORLD championship leader Alain Prost will be hoping for further assistance from the inform normally-aspirated March team as well as an outright personal victory when he takes on McLaren team-mate Ayrton Senna in the potentially decisive Spanish Grand Prix on Sunday. The Frenchman knows heReuter - 449 words
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Executive Lifestyle: Olympics Special
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Article, Illustration636 1988-10-01 11 TRACK FIELD UPI THE US MEN'S 4 x 100 m relay team, beset by controversy all summer, was disqualified yesterday from the Olympic track and field competition because of an illegal hand-off in their quarter-fi-nals heat. Calvin Smith and Lee McNeill, the third and fourth runnersUPI; Reuter picture - 636 words
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712 1988-10-01 11 AP BAD LUCK yesterday caught up with two sprint stars who had benefited from Ben Johnson's ouster from the Seoul Games. America's Carl Lewis lost his chance for a third gold medal and Britain s Linford Christie tested positive for a bannedAP - 712 words
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438 1988-10-01 11 BASKETBALL AFP UPI ARVIDAS SABONIS dominated the inside yesterday, leading the Soviet Union to the men's basketball gold medal with a 76-63 victory over Yugoslavia. The triumph earned a second Olympic title for the Soviets, who won in 1972 inAFP; UPI - 438 words
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Article, Illustration508 1988-10-01 11 TENNIS UPI MILOSLAV MECIR outgunned and outwitted Tim Mayotte in a battle of inches yesterday to take a 3-6, 6-2, 6-4, 6-2 victory and win the first gold medal awarded in tennis for 64 years. The meteoric Czechoslovak, notedUPI - 508 words
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226 1988-10-01 11 HOCKEY AFP AUSTRALIA'S women reckon they knew they were on course for a gold medal within 15 minutes of the start of their hockey final against South Korea yesterday. They won 2-0 in spite of wasting a penalty stroke. Captain Deborah Bowman thenAFP - 226 words
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Executive Lifestyle: Personal Investment
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874 1988-10-01 14 ROSIE TAN - INVESTMENT STRA TEGY By ROSIE TAN INVESTORS who are still wondering whether this is the right time to buy shares would be better off holding on to their money, at least for the time being. So said many of the financial874 words
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775 1988-10-01 14 Merrill, Merrill, quite contrary NYT WHEN Donald Regan, the former treasury secretary and the former chief of staff for President Reagan, was head of Merrill Lynch Co, he was especially proud of the television ad showing a bull safely manoeuvring its way through a china shop. Mr Regan and MerrillNYT - 775 words
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Article, Illustration211 1988-10-01 14 Mich—l Ong Hock Guan - CHART RIIIINT by Mich—l Ong Hock Guan SINCE Aug 8 about 150 points have been shaved off the Straits Times Industrial Index without any significant retracement Psychologically, the market is not yet ready for a meaningful rebound although there has been some form of consolidation211 words
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Article, Illustration711 1988-10-01 14 LEONG WEN WAH - MONEY By LEONG WEN WAH WITH returns from the stockmarket looking more doubtful, some of you are probably looking for alternative outlets to channel surplus short-term cash. For those who want to sleep soundly, the easiest and least risky way is to deposit711 words
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Article471 1988-10-01 14 LONG SHIH ROME - BEOWBKa camm By LONG SHIH ROME THE HONGKONG stock market is the second most popular market for Singapore investors and there are now quite a few broking firms you can call if you wish to trade in Hongkong shares. Some of the firms here that deal471 words
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255 1988-10-01 14 MAGDALENE NG - COMPETITIONS By MAGDALENE NG KIM ENG SECURITIES has fought its way to the top three positions in the Great Investment Race despite another week of quiet trading in global stock markets. The local stockbroking firm has ousted fellow local securities house and255 words
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Page 7 Advertisements
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Advertisement156 1988-10-01 7 CONNOISSEURS F O K COLLECTORS When choosing your Dun hill Elite, let The Hour Glass enhance the occasion. i\ m r r > 4 w\' v At The Hour Gloss, we see ourselves as connoisseurs. And our customers its fellow collectors. j\ot only can ue show you ilie \tiiiest choice156 words
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Page 8 Advertisements
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Advertisement272 1988-10-01 8 COURyOISIER XO -WHERE T€ ENTEP4IN A Family Ealing Affair Give yourself and your family a treat this Sunday and indulge in sheer eating pleasure. Our Baron's Sunday Buffet is a potpourri of impeccable local and western cuisines. For the young ones, we have specially set aside a Children's Food Corner.272 words
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Advertisement190 1988-10-01 8 EAST MEETS WEST Daily Buffet at the Dondang Sayang W V V 1 v Enjoy the best of both worlds, 'East Meets West' daily buffet. Salads, cold cuts, roasts curries, satay, noodles and many more dishes you will find irresistable. Coffee or tea is included to complement the meal. Lunch190 words
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Advertisement139 1988-10-01 8 w DIANXIN TEMPTAIION! Treat yourself to a Delectable Dian Xin lunch. All-you-can-eat for only $12.50* per person Lunch Hours: 11.30 am 2.30pm fVis 10\ se>v<ce cnage go*«»nmen» to> HWT REGOCYOSNGAPORE 10-12 Scotts &ooa Singapore 3922 Te< 7331 '86 ®NN£*J. High Tea at Three Enjoy a delightful selection of pastries, finger139 words
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Advertisement171 1988-10-01 8 An inviting Cantonese feast. Oct 1 to 15. For lunch dinner. Adults: $13.50+ rTTK m uni Ifi SvGale Plaza f Road Svtgapore 0719 Tet *****11 Local Food Galore Oct 1 15 11.30 am 2.30 pm $11.50 (Adult) $6.50 (Child) Friday Fashion Fare 1.15 pm OCT 7 6 14* Models: Studio171 words
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Advertisement286 1988-10-01 8 The hottest buffet in town! If you're a lover of sizzling and spicy Sichuan food, then you'll take delight in the lavish Sichuan spread we've prepared for you at the Pine Court. Here you can sample all your favourite Sichuan delicacies. There's Shark's Fin Soup with Chicken Sauce, Fried Sliced286 words
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Page 9 Advertisements
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Advertisement190 1988-10-01 9 W Sunday Brunch: A great family outing It's a wonderful way to combine a late breakfast with an earty lunch on a lazy Sunday. Sausages, bacon, eggs any way you want them oysters, smoked salmon, tasty entrees, roast... right through to pastries, puddings, fruit salad and cheese board AH ready190 words
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Advertisement37 1988-10-01 9 ■s§w Va-'. xo CQURyoISIER COGNAC 0 Dw ann*« dt vieilhssemem en fats ac ont Ht nKessair« pour <*t*ntr Is subtiitte et la Wsse Je ce Cognac C> «*OC*XJ(jf»AfO c -V. <* r if W [IV XO COUKVOISIER COGNAC37 words
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Page 10 Advertisements
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Advertisement7 1988-10-01 10 The Collecting column has been held over7 words
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Page 10 Miscellaneous
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Miscellaneous1715 1988-10-01 10 Diets, St Joan, Dostoevsky and special arts Movies A string of bad debts, hefty alimony payments and a failed career as a commodities broker forces s young man (Ron Lsibmsn) to return to teaching. He realises that an unconventional approach is needed if he is to rsach his hostile students1,715 words
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Miscellaneous1056 1988-10-01 10 SATURDAY M BBC SS.S mHz In VHF Band N SAM World News •.00 The World Today. •.90 Financial News MO Reflections. 6.46 Sports Roundup. 7.00 World News. 7.00 Commentary. 7.1S From the Weeklies. 7.90 Multitrack 3. 0.00 World News. 1.00 News about Britain. 0.15 Radio Newsreel. BJO Personal View. 8.461,056 words
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Page 11 Advertisements
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Advertisement26 1988-10-01 11 FEDERAL EXPRESS. WORLDWIDE SPONSOR OF THE 1988 OLYMPIC GAMES*. Official Air Express Carrier of the 1988 Olympic Games The Air Express Company. Telephone: *****26 Worldwide Sponsor26 words
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Advertisement183 1988-10-01 11 Weekend's events TODAY Archery Men's and women's semi-finals (8.30 am), finals: (12.30pm) Athletics Finals: women's 4 x 100 m relay (11.55 am), women's shot (10.25 am), men's 4 x 100 m relay (12.15pm), men's discus (10.45 am), women's 1,500 m (10.55 am), men's 1,500 m (11-10 am), men's 5,000 m183 words
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Page 12 Miscellaneous
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Miscellaneous736 1988-10-01 12 CRYPTIC PUZZLE ACROSS 8 Forced to go to a terrorist island (7) 9 Blast! It's the mother country! (9) 13 Catch also careering round the bend (5) 14 A mix up (5) 15 Reading about a certain drink making a comeback (7) 16 Suppose the birds will go back into736 words
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Page 14 Advertisements
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Advertisement275 1988-10-01 14 Do you have the stomach for a healthy investment? Most executives are very good about taking care of their investments. Of the financial kind that is. But when it comes to their health, they fall short. Let's face it. When was the last time you really took care of your275 words
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Advertisement28 1988-10-01 14 BT welcomes investment ideas and viewpoints from brokers, bankers and other readers. Address all correspondence to: The Editor, Personal Investment, Business Times, 390 Kim Seng Road, S'pore 0923.28 words
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COMPANIES & STOCK MARKETS
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Article, Illustration670 1988-10-01 15 Sflrcyga™ HOCK LOCK SIEW THE HEATED Taiwan stock market was a bubble waiting to burst. The market had risen almost 280 per cent since the beginning of the year and closed at a record high of 8,789.78 last Saturday. It was without doubtHOCK LOCK SIEW - 670 words
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212 1988-10-01 15 PROMET BHD has incurred substantial foreign exchange loss arising from the prepayment of its restructured debts. Its latest interim results released yesterday showed an exchange loss of some M 58.95 million from the prepayment, which were denominated in foreign currencies. Together with212 words
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330 1988-10-01 15 PALMCO HOLDINGS Bhd and Kao Corporation of Japan are setting up a MslBo million oleochemical plant in Perai. Penang. The factory. Fatty Chemical (M) Sdn Bhd. would start production of methylester, fatty alcohols and glycerine by 1990, said Fatty Chemical's330 words
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Article, Illustration436 1988-10-01 15 ALLAN NG - Insider Trading Trial ALLAN NG FORMER listings manager of the Stock Exchange of Singapore, Ms Shirley Chong, said yesterday that although Sealion Hotels had problems relisting its suspended shares in late 1986 after selling its main asset, she was confident the436 words
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158 1988-10-01 15 Bernama SPORTS TOTO Malaysia Bhd is negotiating to invest overseas in areas related to its activities. Chairman Tan Sri Thong Yaw Hong said the group "is in the process of negotiating with other government agencies in two or three countries, far and near". SpeakingBernama - 158 words
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Article, Illustration652 1988-10-01 15 MAGDALENE NG - By MAGDALENE NG KENTUCKY FRIED CHICKEN (S) Ltd. now known as Inno-Pacific Holdings Ltd, has pulled off a coup in the international fast food franchising business. The company announced yesterday that it has acquired the Shakey's Pizza franchise in all countries except the United States, Canada652 words
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Article, Illustration593 1988-10-01 15 CORRINA LIM - By CORRINA LIM LEADING LOCAL paper stockist Hiap Moh Corporation Ltd is offering the public 4.8 million shares of 25 cents par value at 55 cents each as a prelude to a listing on Sesdaq. The offer opened yesterday and closes on Oct 11.593 words
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COMPANY BRIEFS
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Article122 1988-10-01 15 THE SES said The Hour Glass Ltd has been admitted to Sesdaq and trading in the 48 million shares will commence on Monday. The Hour Glass, a watch and jewellery retailer, recently issued 5.60 million new 25-cent shares for public subscription at 88 cents a122 words
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Article103 1988-10-01 15 FRASER NEAVE Ltd said its attention has been drawn to the existence in the market of a rumour that a lawsuit has been initiated against the company by an unnamed Japanese firm in connection with parallel imports In a response which it hoped will help avoid103 words
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STOCK EXCHANGE OF SINGAPORE
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Article31 1988-10-01 16 Company RIGHTS ISSUE Isotan Ow-fcx lwo Q |5.I0 E*-<fcrt* Oct 7 Boots dim Oct 19 Company BONUS ISSUE G E lit* Thr«*-forfiv« E*-dot* Oct 5 Books dot* Oct 1731 words
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Article252 1988-10-01 16 Company RIGHTS ISSUE C 1 Holdings 27 Million loan stocks In Hi* ratio of 13 loan Dock lor nvary hvn ordinary Duto Cons wort! n#*a Ona-tor-ona $1.10 par shorn FACB Qno-lor-ono $0.40 par shorn General Corp Imu* of $***** 936 nommol amount of 8% Co—artMa Unsacurad loan Stock252 words
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Article245 1988-10-01 16 WORLDWIDE HOLDINGS Berhad: 22nd AGM at 9.02. 9th Floor Wisma HamzahKwong Hing, 1 Leboh Ampang, ***** Kuala Lumpur on Monday. Oct 3, at 11am. MALAYAN UNITED MOUSTRKS Berhad: 17th AGM at the MUI Plaza Conference Centre, Ist Floor, MUI Plaza. Jalan P. Ram lee, ***** Kuala Lumpur on245 words
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Article310 1988-10-01 16 Monogen' prices for Oct 1 3 Singapore Unit Trust The Com—rce 096 1 OS The Sovi«9< fund 0 84 090 S'pora Prog hind 0 36 0 42* S pore Sec fund 064 069 Spore Invest Fund 066 073 S'pore Equity Fund 0 40 052 Asia Unit Trust Mel310 words
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Article, Illustration700 1988-10-01 16 LONG ROME - By LONG ROME SHARE PRICES closed marginally higher yesterdsy ss sentiment was bolstered by better overseas psrformancss. But volums declined ss intsrsst in ths Thai Prims Fund fizzlsd out sftsr Thursday's activs debut. Brokers said investor sentiment was helped by sn overnight rally on700 words
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Article5333 1988-10-01 16 Hlg 1988 h Low Tal Coda Company Last Sale orGr's Dlv Dlv C*r Gr's Vld Nat P/E Vol Day (*000) High Low Last Buyer 2uoIQ SECTION ONE INDUSTRIAL A COMMERCIAL 141 85 218 167 135 460 200 350 129 167 177 297 58* 354 555 565 91*5,333 words
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SES/KLSE
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Article, Illustration2778 1988-10-01 17 MBT PRE-WEEKEND speculative selling and the absence of follow-through support forced Kuala Lumpur share prices off their initial highs yesterday but closing levels were still ahead of the previous day's. The market had opened a shade higher, helped by early selective bargain-huntingMBT - 2,778 words
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241 1988-10-01 17 Bemama THE MALAYSIAN government is allowing all financial institutions to participate in the stockbroking industry, subject to the approval of Bank Negara. The Finance Ministry said other corporations may also participate subject to certain conditions. It said since the introduction of corporatisationBemama - 241 words
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Article1088 1988-10-01 17 Carnal b •oaka Mi Tatal tar Tatal lar Wmaat data ctoao Ml* 1 ka paar mat yow Asiatic Dot 2%» Oct 12 Oct 26 Nov 21 2% s% Auftrol Amol 15% Oct 7 Oct 21 Nov 8 25% 15% Ay of HHom Rub I7*%M Oct II Oct 251,088 words
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Article606 1988-10-01 17 BONDS, LOANS WARRANTS CM^MT PtlMpWl Cofwonlofi period MMMI i i i 1 <%> payable ttmn Me Otwon Hup Wrti 1991 Anytime on or after Mor 1987 1.6 worronts plus $1.60 cash until Dec 31. 1991. Oty Dev ftondf 1994 5% Feb 1 CHy Dev Wrti Aug 1 1992 Anytime on606 words
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REGIONAL MARKETS
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Article, Illustration812 1988-10-01 18 More expected despite light trading Reuter NEARLY 100 FOREIGN companies are now listed on the Tokyo Stock Exchange (TSE), and the number continues to grow despite depressed trading of foreign shares there since last October's worldwide crash, brokers said. Ford Motor Co was listed onReuter - 812 words
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322 1988-10-01 18 Reuter THE PURCHASE of Grand Metropolitan PLC's InterContinental hotel chain by Saison Group of Japan for U552.27 billion cash has made the Japanese firm a major force in the global hotel market. The British leisure group said the price represented a valueReuter - 322 words
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177 1988-10-01 18 Reuter MITSUBISHI HEAVY Industries Ltd (MHI) will set up two joint ventures in Thailand to produce air conditioners and rotary compressors, a spokesman said. MHI-Mahajak Air-Condi-tioners Co Ltd (Maco) will be capitalised at 120 million baht and owned 51 per centReuter - 177 words
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Article91 1988-10-01 18 Reuter ALL NIPPON Airways Co Ltd has bought the San Francisco Meridien Hotel for about US$lOO million, an ANA spokesman said. The seller was Tag-Ar-con-Pioneer Ltd, a US partnership between Meridien Hotels Inc and two individuals. The management of the hotel, now conducted by Meridien.Reuter - 91 words
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Article, Illustration536 1988-10-01 18 Tokyo Reuter TOKYO SHARE prices finished the day higher yesterday, boosted by a last-minute surge which brought them to near the day's peak. Trading was moderate, brokers said. "New York was up. which is encouraging, and fears of inflation, higher interest rates and the depreciation of theReuter - 536 words
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Article, Illustration498 1988-10-01 18 Australia Reuter AUSTRALI AN STOCKS closed higher yesterday as option trade boosted turnover and sentiment improved, brokers said. Brokers said they were disappointed the market gained only modestly, considering the 34-point rise in New York overnight. One broker said the market's gain would create a platform for aReuter - 498 words
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Article, Illustration1374 1988-10-01 18 Hongkong HONGKONG STOCKS gave up early gains to cloee barely steady yesterday, while sentiment was slightly bearish because of a general lack of market interest, brokers said. The Hang Seng Index finished 1.66 higher at 2,441.05 after gaining nearly 20 points at one stage, while1,374 words
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Article369 1988-10-01 18 AP TAIPEI SHARE prices continued to plunge yesterday as the Taiwan stock market came under heavy selling pressure in reaction to a government tax plan to cool an overheated market. The share price index fell 210.89 points to close at 8,402.93. The index dropped 175.96 points onAP - 369 words
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Article187 1988-10-01 18 Reuter SHARE PRICES rose in moderate trade yesterday after strong buying sentiment from individual investors. brokers said. The composite index ended at 677.54. 7.26 points higher, on turnover of 111.6 billion won against 116.7 billion on Thursday. Buying sentiment fo- cused on financial shares and blue-chips dueReuter - 187 words
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Article104 1988-10-01 18 BOMBAY SHARE prices rose sharply on heavy speculative support yesterday when trading resumed after a four-day closure of the exchange, brokers said. They said the market, riding the crest of a wave, was unaffected by the sure, which was undertaken to allow traders to complete business done104 words
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Article134 1988-10-01 18 Reuter SHARE PRICES in Manila yesterday closed firmer in light trading after a fourday slide, with oil issues leading other sectors. Manila's composite index rose 5.13 points to 699.96 points. "The rise in oils spread through the commercial/industrials and mines. But it was very slight; it was notReuter - 134 words
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Article163 1988-10-01 18 Reuter THE SECURITIES Exchange of Thailand Index rose 1.30 points to 444.61 yesterday on a turnover of 3,834,316 shares worth 484.46 million baht. MP M BAHT Ao Kham Thai 432 2 Ayudhya InnaalniaiH 436 unch Bangkok Aground 106 unch Bangkok Bank. 297 unch Bank Of Ayudhya 360Reuter - 163 words
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197 1988-10-01 18 Reuter CHINA ENTERTAINMENT and Land Investment Co Ltd, a unit of the Evergo group headed by the Lau brothers, is planning a two-for-five rights issue of 864.78 million new shares with a face value of HK$l at par. A China Entertainment statement saidReuter - 197 words
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WORLD MARKETS
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Article, Illustration845 1988-10-01 19 New York Reuter WALL STREET stocks broke free of their recent stupor as a more positive outlook for interest rates helped boost share prices on Thursday, analysts said. But they noted that volume was relatively thin, demonstrating that investors remain hesitant about the equity market.Reuter - 845 words
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Article, Illustration1028 1988-10-01 19 London Reuter LONDON SHARE prices opened mixed in light trading yesterday, dealers said. Enterprise Oil was a feature, surging on rumours of a possible bid for the company worth 800p per share. Enterprise was 28p firmer at 689 after a high of 703p while 25 per centReuter - 1,028 words
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Article1833 1988-10-01 19 Reuter FRANKFURT: West German shares closed mostly firmer yesterday but off early highs in a hesitant market characterised by uneven turnover. Firm US shares and bonds brought some early demand, but a lack of sustained foreign demand helped prompt profit-tak-ing. particularly outside blue chips. The real-time 30-shareReuter - 1,833 words
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Article, Illustration386 1988-10-01 19 UK Fraud Office gets report on 1985 sale AP FRAUD INVESTIGATORS are studying the findings of a yearlong examination of the takeover of House of Fraser Holdings PLC. parent company of the famous Harrods department store. The Serious Fraud Office said it hasAP - 386 words
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185 1988-10-01 19 Reuter DUTCH BREWER Heineken s share price has been rising on the Amsterdam market on rumours of a takeover bid. In busy trade for the second consecutive day. the shares on Thursday climbed 2.50 guilders to 141.50. The shares peaked earlier atReuter - 185 words
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Article, Illustration457 1988-10-01 19 Reuter BRITISH PUBLISHER Robert Maxwell has dug deeper into his pockets to outdo his rival for Macmillan Inc. raising his offer for the textbook publisher 20 cents a share above his rival's U5590.05 a share. His bid is now worth US$2.5 billion. Mr MaxwellReuter - 457 words
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482 1988-10-01 19 Reuter SPECULATION FLARED on the Paris bourse that a corporate raider was stake building in Bouygues. the construction group, but no one was admitting it. Its shares were suspended for much of Thursday after prices rocketed 44 per cent in two trading sessions inReuter - 482 words
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Article, Illustration441 1988-10-01 20 Bernama THE CROSSOVER of 13 National Front MPs to the opposition bench, with the possibility of another seven doing so, will not bring down the Malaysian government "like a pack of cards". The government will continue to have a stable majority,Bernama - 441 words
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293 1988-10-01 20 AFP THE HIGH COURT in Kuala Lumpur yesterday reduced a jail sentence imposed on businessman Tan Koon Swan for criminal breach of trust. The High Court appeal ruling also set aside a Msl-million fine imposed on the former president ofAFP - 293 words
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547 1988-10-01 20 HARISH MEHTA - UIC proposing to renovate hotel in Vietnam By HARISH MEHTA IN A 810 to attract badly-needed foreign investment by selling a new open-door policy. Vietnam's Council of Ministers has concretised liberal policies through a decree which it approved earlier this month. Visiting Mayor of Ho547 words
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231 1988-10-01 20 AFP SOME 18.7 per cent of Philippine villages are under communist influence, Philippines armed forces spokesman Colonel Oscar Florendo said in Hongkong yesterday. He also told the Foreign Correspondents Club that the Manila government "cannot completely eradicate" the communist insurgency "even inAFP - 231 words
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Article, Illustration329 1988-10-01 20 Reuter UPI MEMBERS of the old guard in the long-ruling Burma Socialist Programme Party (BSPP) assumed top posts yesterday in their new party as troops continued efforts to subdue the rebellious population. Tha Kyaw, who had served on the Council of State, Burma'sReuter; UPI - 329 words
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478 1988-10-01 20 UPI OIL PRICES around the world plunged by as much as 43 US cents a barrel on Thursday hitting a two-year low on the New York Mercantile Exchange on a report that Opec production shot up in September and will rise even furtherUPI - 478 words
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395 1988-10-01 20 Bernama AN AMERICAN academician says there is no way that the United States whose trade deficit at the end of last year totalled US$l7O billion can be termed protectionist. "What the US is doing is trying to exercise some management in its trade withBernama - 395 words
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151 1988-10-01 20 UPI GOVERNOR Michael Dukakis has maintained a modest 46-40 lead over George Bush in Massachusetts in spite of the Vice-Presi-dent's well-publicised forays into the state, and has shaved several points off Bush's lead nationwide, two polls showed yesterday. The poll of 619 likely Massachusetts votersUPI - 151 words
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304 1988-10-01 20 AFP AP ELECTION FEVER mounted in Sri Lanka yesterday as eight opposition parties announced a common presidential candidate for the December polls, political analysts said in Colombo. The main opposition, Sri Lanka Freedom Party (SLFP), said that its leader, former Prime MinisterAFP; AP - 304 words
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129 1988-10-01 20 Reuter A GOVERNMENT lawyer said in Bhopal yesterday that India might seek the extradition on murder charges of former Union Carbide chairman Warren Anderson in connection with the 1964 Bhopal gas tragedy. "I think we have to make extradition proceedings against MrReuter - 129 words
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280 1988-10-01 20 Reuter THE US INDEX of leading indicators, the government's main barometer of future economic activity, rose a modest 0.4 per cent in August after falling 0.6 per cent in July, the Commerce Department said yesterdsy. The moderate rise in the August indexReuter - 280 words
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156 1988-10-01 20 AFP JAPAN'S current account surplus shrank 7.5 per cent from a year earlier to U554,991 billion in August, but its trade surplus widened for the second consecutive month, the Finance Ministry said yesterday. The smaller surplus in the current account, measuring trade in merchandise asAFP - 156 words
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LATE FILE
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Article59 1988-10-01 20 AFP A CHINESE Communist Party central committee meeting ended in Beijing yesterday after agreeing on the need to curb consumer demand and inflation. The decision was intended to "put an end to confusion" in the economy, said a communique on the meeting and added that "theAFP - 59 words
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Article59 1988-10-01 20 Roeter FORMER South Korean President Chun Doo Hwan's so-called "purification" campaign claimed at least 50 deaths in the early 1980s, State radio said yesterday. The Korea Broadcasting System quoted a Defence Ministry report to Parliament as adding that nearly 90 were injured during harsh military camp "education"Roeter - 59 words
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Article54 1988-10-01 20 Reuter THE PAKISTAN Supreme Court yesterday banned any attempt to recall the National Assembly dissolved by late President Mohammad Zia-ul-Haq in May. The court passed an interim order restraining Speaker Hamid Nasir Chattha or any other member of the Lower House of Parliament from tryingReuter - 54 words
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Article49 1988-10-01 20 Reuter JAPAN'S Emperor Hirohito has complained of pain and of being unable to sleep, officials and relatives said yesterday. Emperor Hirohito told his grandson Nobuhiko Higashikuni during a visit to his bedside on Thursday that his body ached and that he could not sleep. ReuterReuter - 49 words
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Article52 1988-10-01 20 Reuter A SENIOR Indian Foreign Ministry official will fly to China for high-level talks on October 3. Official sources said that the visit by K.P.S. Menon, the ministry's top civil servant, was to prepare the ground for a visit by Prime Minister Rajiv Gandhi inReuter - 52 words
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Article83 1988-10-01 20 Reuter COMEX GOLD futures were mixed yesterday morning as traders concentrated on squaring positions at the end of the third quarter. December gold was up US$O.lO at U*****.70 an ounce and deferreds were down slightly. Comex silver futures hovered at unchanged in featureless morning business, withReuter - 83 words
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Page 15 Advertisements
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Advertisement216 1988-10-01 15 LOST CERTIFICATES The following certificates have been reported lost, mislaid or destroyed: Name of Company Electro Magnetic (S) Ltd Hotel Marco Polo Ltd Malayan Credit Ltd Rothmans Industries Ltd Singapore Reinsurance Corporation Limited Tat Lee Bank Limited RMCA Reinsurance Limited Certificate Nos. In the Name of Share*/Stoc A *****69 Ang216 words
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Page 15 Miscellaneous
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Miscellaneous11 1988-10-01 15 Vf/Pf AV0 &A£>'7E"flr/*£Z>.. t 3&ZZW/MZ <ZA$a4£r?£g. by Martell 55 b gJfifAHIU/f11 words
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Page 17 Advertisements
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Advertisement5 1988-10-01 17 Technology in BT every Tuesday5 words
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Page 18 Advertisements
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Advertisement7 1988-10-01 18 SELLING TO JAPAN it it. ■tit* mat*7 words
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Page 20 Advertisements
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Advertisement291 1988-10-01 20 SPP LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT Further to the Company's Announcements dated 8 and 28 September 1988 giving notice of the Company's closure of books from 29 September 1988 to 3 October 1988, in connection with the Company's forthcoming Rights Issue, the Directors wish to advise Shareholders291 words
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